With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements :
- 1.AIIB has more than 80 member nations.
- 2.India is the largest shareholder in AIIB.
- 3.AIIB does not have any members from outside Asia.
Which of the statements given above is/are correct?
Show answer
Answer: A. Statement 1 is correct: AIIB had over 90 approved members by 2019. Statement 2 is wrong: China is the largest shareholder; India is the second largest. Statement 3 is wrong: AIIB has many non-Asian members, such as the UK, Germany and France. So 1 only.
Watch for: India is the second largest shareholder and biggest borrower, which tempts students to pick statement 2.
Why the other options are wrong
- B. Wrong because China, not India, is the largest shareholder, and AIIB has non-Asian members.
- C. Wrong because AIIB has members from outside Asia.
- D. Wrong because statements 2 and 3 are false.
Source to check: Asian Infrastructure Investment Bank official website (aiib.org), members and prospective members list (as of 2019)
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.